Real estate market transaction values reached MOP6.93 billion during the first quarter of 2023, an increase of 17.5% compared to last year.
Data from the Statistics and Census Service (DSEC) shows 1,207 building units and parking spaces were sold in the first quarter of 2023, up 14.8% quarter-to-quarter, while the sale of residential units rose to 848 from 649 quarter-to-quarter, for a transaction value of MOP5.57 billion.
In addition, the overall price per square meter of residential units increased 2.6% quarter-to-quarter reaching MOP93,351. With an average price of those in Taipa of MOP95,525 and in Coloane of MOP98,844, this was a rise of 8.1% and 6.2% respectively. The price of those in the Macau Peninsula fell 0.6%, attaining only MOP91,679.
By the end of the first quarter of 2023, 6,582 residential units were in the design stage while 2,205 others were under construction and 49 under final inspection, the DSEC disclosed.
The bureau also indicated that 129 residential units, all located in the Macau Peninsula, received the license of use, including 65.9% of studio flats and 20.9% of one-bedroom units.
Staff Reporter
